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Llangrandy Retail Parade Llangranog Rd

6,014 SF 100% Leased Retail Building Cardiff CF14 5BL $886,065 ($147/SF) 6.05% Cap Rate

Executive Summary

Freehold held under title number CYM819683. We understand a new title number for the access road and land to the rear will be created on completion of the sale.
We are instructed to seek offers in excess of £700,000 exclusive of VAT. This reflects a net initial yield of 9.39% after allowing for standard purchaser costs of 6.05%. This assumes the transaction will not be a TOGC. The price breaks back to a low capital value of £52 per sq ft.

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
6,014 SF
Building Class
B
Year Built
1950
Price
$886,065
Price Per SF
$147
Cap Rate
6.05%
NOI
$53,607
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.05
Land Acres
2.73 AC
Parking
18 Spaces (2.99 Spaces per 1,000 SF Leased)
Frontage
155 FT on Llangranog Road

Nearby Major Retailers

Sainsbury's
Spar
Morrisons
Starbucks
Lloyds Bank
Jd Gyms
Lidl
Miller & Carter
Barclays
Toby Carvery
  • Listing ID: 33741119

  • Date on Market: 11/4/2024

  • Last Updated:

  • Address: Llangranog Rd, Cardiff CF14 5BL

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